TRANSFER OF OWNERSHIP

Attention

Under section 13(1) of the Road Transport Act
1987, any application of vehicle ownership transfer should be forwarded to the
respective State RTD Director within 7 days of the transaction. Failure to do
so, the seller and buyer can be fined not exceeding RM 1000 or imprisoned not
exceeding 3 months or both. For the second and consequent a fine not exceeding
RM 2000 or imprisonment not exceeding 6 months or both.

Responsibility of the car seller

When
you selling a vehicle, you as the registered owner are compulsory to inform
the State RTD Director regarding the ownership transfer by filling and signing
up Section A, of the JPJ K3 Form.

2. The
JPJ K3 form have to be forwarded to the buyer inclusive of other documents as
follows:

Original vehicle registration card (RC)

Verified photocopy of National Identity Card

Letter of Indemnity

You
have to confirm that ownership transfer have been registered with RTD by the
buyer within 7 days of the transfer. Failure to do so will result in you
prosecuted under Section 13(1) of the Road Transport Act 1987. You are still
responsible if anything shall happen to the vehicle even though it is not
within you keep.

Responsibility of the car buyer

1. When you are buying a used vehicle, you
should get the following documents from the seller

·JPJ K3 Form that have been filled
and signed by the registered owner.

3. If you have any doubts about the real
identity of the vehicle, you can bring it to PUSPAKOM for inspection before
buying it.

4. The buyer has to confirm that ownership
transfer have been registered with RTD within 7 days of the transfer. Failure to
do so will result in you prosecuted under Section 13(1) of the Road Transport
Act 1987.

Documents that are required for
vehicle ownership transfer

1. Private car ownership transfer

JPJ
K3 Form that have been filled and signed by the registered owner and new owner
(buyer).

Verified photocopy of IC of the registered owner and buyer or photocopy
business/company registration certificate.

Indemnity Release letter.

Original vehicle registration card (RC).

Letter of Indemnity (if seller has taken car loan from financial instruction).

Letter of Indemnity (if buyer has taken car loan from financial institution).

Insurance cover note/ Insurance policy on buyer’s name.

Payment.

2. Commercial vehicle ownership transfer.

For commercial vehicle ownership transfer, all the
documents as 1-8 above apply. Apart from that there are some additional
documents:

Seller:

Should submit the following documents to be
cancelled

Public service vehicle license that was issued by Commercial Vehicle Licensing
Board

Road
tax that is still valid

The
special identification plate in cause if the vehicle is a taxi or rented car

Buyer:

The buyer can use the vehicle as a private car or
commercial vehicle. If it is to be used as a commercial vehicle, the buyer must
take the following step